#USDCAD at Crossroads #forex
USDCAD is retesting a potential key support area:
We might see a bounce from here, thus i would target 1.3000 as a first target for the potential bullish scenario
If we break below 1.2800 with daily closing, I would close longs and short targeting 1.2660 as an initial target.
The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician
- Main previous swing high or horizontal support area.
- Main rising trend line for the latest medium term bullish trend
- The 38.2 Fibonacci retracement for the overall bullish trend
We might see a bounce from here, thus i would target 1.3000 as a first target for the potential bullish scenario
If we break below 1.2800 with daily closing, I would close longs and short targeting 1.2660 as an initial target.
The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician
Trade closed: target reached
Upside remains favored..
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